The Influence on Banking Sector of Debt Waiver Policy

Abstract

Most of the population or rural area in India depends on agriculture. And the business of agriculture depends on rain water. But because of the uncertainty of rain the production of agriculture is not certain. According to the data given by the center government the total amount of agriculture and related sector in term of GDP is 14% during 2017-18, where more than 51% of Indians population depends on agriculture sector. But there are risk in agriculture all categories of farmers. To reduces the risk of farmers in agriculture central government framed some policies which beneficial for farmers. But the policies drawn up by the center government for the farmer is not fulfill the aim. . And this scheme is not also affected for the farmers. Debt Waiver scheme is one of the central sponsored scheme. Here the question is this policy really beneficial for the farmers. Or is there any other probable solution for the problems being faced by farmers?